Sutton Bank Mortgage Rates, Fees & Info

Attica, OH

LEI: 549300KYZ21NWSUOYP36

Tax ID: 34-4369660

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Mortgage Data

Review & Overview

Sutton Bank is a smaller bank specializing in Home Purchase loans. Sutton Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Norwalk, Mansfield, Youngstown, and Toledo among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sutton Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

53

Origination Dollar Volume (All Markets)

$49,835,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
COLUMBUS, OH (FHA|USDA|VA) 4 $40,960,000 $10,240,000 $0 0.00%
Norwalk, OH (FHA|USDA|VA) 15 $2,305,000 $153,667 $0 0.00%
MANSFIELD, OH (FHA|USDA|VA) 9 $1,725,000 $191,667 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
TOLEDO, OH (FHA|USDA|VA) 5 $935,000 $187,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
Tiffin, OH (FHA|USDA|VA) 6 $640,000 $106,667 $0 0.00%
Ashland, OH (FHA|USDA|VA) 5 $545,000 $109,000 $0 0.00%
Fremont, OH (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Bucyrus-Galion, OH (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
Sandusky, OH (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Wapakoneta, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Sutton Bank's top markets include Columbus, Norwalk, Mansfield, Youngstown, and Toledo among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $49,350,000 $949,038 $0 0.00%
    USDA 1 $485,000 $485,000 $0 0.00%

    For 2022, Sutton Bank's most frequently originated type of loan was Conventional, with 52 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $45,630,000 $1,267,500 $0 0.00%
    Refi 9 $3,325,000 $369,444 $0 0.00%
    Cash Out Refi 7 $805,000 $115,000 $0 0.00%
    Home Improvement 1 $75,000 $75,000 $0 0.00%

    For 2022, Sutton Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $49,835,000 $940,283 $0 0.00%

    For 2022, Sutton Bank's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $1,275,000 $67,105 $0 0.00%
    $100k-200k 18 $2,500,000 $138,889 $0 0.00%
    $200k-400k 9 $2,395,000 $266,111 $0 0.00%
    $1MM+ 4 $41,720,000 $10,430,000 $0 0.00%
    $400k-600k 2 $1,040,000 $520,000 $0 0.00%
    $600k-1MM 1 $905,000 $905,000 $0 0.00%

    2022 saw Sutton Bank place emphasis on $100,000 or less loans with 19 originations, totaling $1,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $1,240,000 $103,333 $0 0.00%
    $50k or less 5 $295,000 $59,000 $0 0.00%
    $75k-100k 5 $865,000 $173,000 $0 0.00%
    $100k-150k 4 $650,000 $162,500 $0 0.00%
    $150k-250k 4 $800,000 $200,000 $0 0.00%

    Sutton Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $49,835,000 $940,283 $0 0.00%

    Sutton Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $45,185,000 $2,378,158 $0 0.00%
    White 33 $4,605,000 $139,545 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.14%

    Sutton Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.02%

    Sutton Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $49,835,000 $940,283

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    53 $49,835,000 $940,283